LONDON (Reuters) – Britain’s biggest housebuilder Barratt <BDEV.L> is “very confident” of winning votes at the firm’s AGM on re-electing its chairman and gaining shareholder approval for the chief executive’s remuneration package, its boss told Reuters.
Shareholder advisory group the Pensions & Investment Research Consultants (PIRC) is advising shareholders in Barratt to vote against re-electing chairman John Allan, who is also the chairman of Britain’s largest supermarket chain Tesco <TSCO.L>.
“They’ve (PIRC) also recommended against some other perhaps more minor resolutions but that is not the general view of the voting agencies and we are very confident that the resolutions will be passed by the vast majority of shareholders,” CEO David Thomas said.
In a trading update on Wednesday, Barratt said it had started the 2019 financial year in a strong position and was confident of delivering a good full-year performance.
(Reporting by Costas Pitas, Editing by Paul Sandle)
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